Friday, March 31, 2017

Jim Rogers Just Said Something Fascinating...


by Matt, SGT Report:
Having just returned from Prague for a few days I’ve been behind on some podcasts that I normally listen to, a small list of YouTube interviews had built up and I’ve been gradually working my way through them.
The one I want to highlight here is a podcast from the ‘Ask The Expert’ series featuring Jim Rogers with Craig Hemke on behalf of Sprott Money. At just under 2 minutes into it Mr Rogers said something that made me sit bolt upright.
“Historically, once the Fed raises interest rates 3 times, it usually means the stock market is going to have problem. If it doesn’t happen after 3 times, historically it’s always happened after 4 times. So we will have another interest rate hike and that may be the death knell for the stock market and maybe even for the economy.” – Jim Rogers
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Morgan Stanley: Used Car Prices May Crash 50%

For all of you pension funds out there scooping up all of the AAA-rated slugs of the latest auto ABS deals for the 'juicy yield', now might be a good time to review what happened to the investment grade tranches of MBS structures back in 2009...


















Rig Count Continues To Threaten Oil Price Recovery, Saudis Cut Prices To Asia (Again)

For the 11th week in a row, the number of US oil rigs rose (up 10 to 662 - the highest since September 2015). And worse still, there are thousands of drilled shale wells are sitting idle, unfracked and uncompleted. That supply sitting on the sidelines will put downward pressure on any new oil price rally... which may explain why the Saudis have just cut prices to Asia once again.









China's Record Iron Ore Glut: Enough To Build 13,000 Eiffel Towers

"That's too much of stock" said Li Xinchuang, vice chairman at China Iron and Steel Association. "It will be very dangerous for the price. That's what's very worrying about it." One foreign trading sources said "we have a fleet of vessels on their way to China with no buyers. We're trying to find buyers."



























Our Economies Run On Housing Bubbles

We want growth by default, we want growth for growth’s sake, without caring much where it will lead us. Maybe we think unconsciously that as long as we can secure growth, we can figure out what to do with it later. But it doesn’t work that way...




































McCain Furious At Rex Tillerson For Saying Assad Can Stay

"You pick and choose your battles and when we're looking at this, it's about changing up priorities and our priority is no longer to sit there and focus on getting Assad out," U.S. Ambassador Nikki Haley said. "Do we think he's a hindrance? Yes. Are we going to sit there and focus on getting him out? No."


















The EU's Draft Brexit Guidelines Look Anything But Punitive

European Council President Donald Tusk is a man of his word. He promised he would have a first draft of the Brexit negotiating guidelines for the 27 remaining EU member states ready within 48 hours from the moment the UK triggered the Article 50 exit mechanism – and he delivered. Overall, the document reads as anything but punitive.




































    UMich Confidence Measure Disappoints Amid "Rising Uncertainty Due To The Partisan Divide"

    "Democrats expect an imminent recession, higher unemployment, lower income gains, and more rapid inflation, while Republicans anticipate a new era of robust growth in incomes, job prospects, and lower inflation. It is a rare situation that combines increasing optimism, which promotes spending, and rising uncertainty which makes consumers more cautious spenders."


















    Chicago PMI Jumps To 2 Year Highs Despite Plunge In Employment Index

    The good news - another 'soft' survey data item inches to a new post-Trump high as Chicago PMI rises to 57.7 - highest since Jan 2015. However, the bad news is that exuberant hope is not translating into hard reality as the employment sub-index collapsed into contraction.

    Gold Jumps As "Dovish" Dudley Sees The Light On 'Hard' Economic Data, Warns Of Q1 Weakness










    It may be the fastest transition from a "hawkish" to "dovish" stance by a Fed talking head in history...


    How To Protect Your Online Privacy Now That Congress Sold You Out









    All your private online data—the websites you visit, the content of your chats and emails, your health info, and your location—just became suddenly less secure. Not because of hackers, but because Congress just blocked crucial privacy regulations. This will allow your internet service provider to collect all your data and sell that info to the highest bidder without asking you first.


    The World’s First Pension Crisis

    by Simon Black, Sovereign Man:
    In the late in the 5th century BC, the government of ancient Rome came up with a new idea that has lasted for thousands of years.
    I’m not talking about their roads, republican form of government, or water sanitation.
    Their bold idea was to start paying retirement benefits to Roman soldiers.
    This was a pretty big deal. In ancient times, you worked until you died. There was no such thing as retirement.
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    Is Leftist Shill Noam Chomsky Preparing Us For A False Flag Terrorist Attack

    by Jeff Berwick, The Dollar Vigilante:
    I heard yesterday that a famous anarchist had stated that he expected the Trump regime could conduct a false flag terror attack.
    My first question was, “There’s a famous anarchist?”
    It turns out that it was Noam Chomsky. And, no, he’s not an anarchist. He’s a big government communist.
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    The Case for Socialized Medicine

    by John Browne, Euro Pacific Capital:
    Last week the American political establishment was shaken to its foundation when the Republican Party leadership withdrew the American Health Care Act (AHCA) just before the vote was to be taken on the floor of the House of Representatives. Besides being a most unusual procedure, it exposed a fundamental split in the country,reflected not merely in Congress but within the Republican Party. GOP purists, represented by the House Freedom Caucus, demanded more significant roll backs in socialized medicine that were contained in the Ryan plan. Their refusal to back the plan, after years of promising complete repeal, doomed the bill.
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    Congress Sold Your Privacy to the Corporations

    by Dave Hodges, The Common Sense Show:
    Thanks to George W. Bush, the 4th Amendment is history. Among the casualty of Deep-State-related Presidents, spanning the past 24 years, the Constitution is on life-support.
    America held out hope that Donald Trump would save Americans from the greedy and immoral, fascist corporations. It appears that the support that was promised to protect America from corporate interests was an empty campaign promise. To those who blindly support Trump, without condition, I say you are naive. IF TRUMP ALLOWS THE FOLLOWING LEGISLATION TO BECOME LAW, HE JUST TOLD YOU WHO HE IS GOING TO SUPPORT THROUGH THE LIFE OF HIS ADMINISTRATION.
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    Martin Armstrong – Dow 42,000

    by Kerry Lutz, Financial Survival Network:
    Since we started talking with Martin Armstrong years ago, he’s been adamant in his belief that the stock market was heading higher. And he’s been right. Perhaps it hasn’t gone up as fast as he expected, but it has continued to make new highs. He’s not backing down now. Businesses and the wealthy are putting their money into the market because they’ve lost confidence in governments around the globe. They believe their capital is safer in the stock market than in government bonds, the Euro, European Banks and elsewhere. Governments are on a rampage against the populace. It’s all about survival. In their current configuration, they cannot survive. They’re in an unsustainable death spiral. But rather than admit that and restructure, they have gone the route of confiscation and authoritarianism. In the long run it won’t work, but for now they’ve got nothing to lose.
    Click HERE to Listen

    5 Reasons to Keep a Bottle of Apple Cider Vinegar in Your Kitchen

    by Russel Davis, Natural News:
    Experts have touted the benefits of apple cider vinegar for years. While many health claims such as improved heart health and metabolism have been circulating the internet, OfftheGridNews.com has compiled five old-fashioned uses of the vinegar.
    Apple cider vinegar’s long-forgotten benefits
    Apple cider vinegar has gained greater popularity in both the medical and aesthetics community due in part to its apparent benefits. Apple cider vinegar has been linked to better blood sugar levels, improved detoxification, and free radical eradication. The vinegar has a long history of use before the advent of modern medicine. In this article, we will revisit some of the previously touted benefits of apple cider vinegar.
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    The Ticking Time Bomb That Will Wipe Out Virtually Every Pension Fund In America

    by Michael Snyder, The Economic Collapse Blog:
    Are millions of Americans about to see the big, juicy pensions that they were counting on to fund their golden years go up in flames in the biggest financial disaster in U.S. history? When Bloomberg published an editorial entitled “Pension Crisis Too Big for Markets to Ignore“, it simply confirmed what a lot of people already knew to be true. Pension funds all over America are woefully underfunded, and they have been pouring mind boggling amounts of money into very risky investments such as Internet stocks and commercial mortgages. Just like with subprime mortgages in 2008, this is a crisis that everyone can see coming well in advance, and yet nothing is being done about it.
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    Fake News And Real Money

    by Dave Kranzler, Investment Research Dynamics:
    But the most brilliant propagandist technique will yield no success unless one fundamental principle is borne in mind constantly and with unflagging attention. It must confine itself to a few points and repeat them over and over. Here, as so often in this world, persistence is the first and most important requirement for success. – Adolf Hitler
    Propaganda, also known as “fake news,” has become the norm in mainstream media reporting. Somehow the idea of Russia hacking the DNC computers morphed into the generic, “Russia hacked the election.” Per Hitler’s formula, Hillary Clinton introduced the idea during one of the presidential debates and kept repeating it until the press seized it and ran all the way with to the end zone with “Trump is a Russian ally.” Now Congress is pre-occupied with the fraudulent charge that Russia is controlling U.S. politics. The whole spectacle is beyond idiotic.
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    Here’s Why Italy’s Banking Crisis Has Gone Off the Radar

    by Don Quijones, Wolf Street:
    Just how many banks are insolvent? Turns out, a lot! But elections are coming up.
    For a country that is on the brink of a gargantuan public bailout of its toxic-loan riddled banking sector, or failing that, a full-blown financial crisis that could bring down the European financial system, things are eerily quiet in Italy these days. It’s almost as if the more serious the crisis gets, the less we hear about it — otherwise, investors and voters might get spooked. And elections are coming up.
    But an article published in the financial section of Italian daily Il Sole lays out just how serious the situation has become. According to new research by Italian investment bank Mediobanca, 114 of the close to 500 banks in Italy have “Texas Ratios” of over 100%. The Texas Ratio, or TR, is calculated by dividing the total value of a bank’s non-performing loans by its tangible book value plus reserves — or as American money manager Steve Eisman put it, “all the bad stuff divided by the money you have to pay for all the bad stuff.”
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    Huma Abedin: Military Funeral Planned For ‘Dying’ Hillary Clinton

    by Baxter Dmitry, Your News Wire:
    Hillary Clinton is dying and Huma Abedin is planning her funeral, according to emails between the former presidential candidate and her top aide made public by Judicial Watch on Wednesday.
    The emails also reveal that Hillary Clinton is demanding a full military funeral, involving a motorcade through Washington D.C. as part of a massive State-funded celebration of her life.
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